We are uniquely positioned as the only full service carrier, or FSC, based in Mexico and the only airline that provides long-haul, wide-body service connecting Mexico with the rest of the world. We offer a premium experience to both international and domestic destinations. As of June 30, 2025, we served every major city in Mexico and 52 international cities in 22 countries across multiple continents: North America, South America, Europe and Asia. We maintain the most attractive route network in Mexico, and we are the leading airline at MEX, the largest airport in Mexico, which is capacity constrained, and accounted for 36.3% of total passengers flying within, to and from Mexico in the twelve-month period ended June 30, 2025, according to the AFAC. We also have a strong presence in Mexico’s other large business markets, including Guadalajara and Monterrey, where we provide global connectivity by offering long-haul intercontinental flights. In addition, we have a large footprint in high-demand leisure markets, such as Cancún and Puerto Vallarta. We are the only Mexican airline that is a member of one of the three global airline alliances through our membership in SkyTeam, a global network of 18 international carriers, which we co-founded with Delta more than 25 years ago. In 2022, as a result of the economic downturn caused by the COVID-19 pandemic, we completed a reorganization process and emerged from a Chapter 11 restructuring with a significantly improved capital structure. Since then, we have invested to expand our fleet and improve the product and customer experience for our passengers and intend to continue doing so. These investments allow us to maintain the highest service standard as the only FSC based in Mexico, as well as our position as Mexico’s airline of choice. We also reduced our cost structure through our restructuring and began upgauging our fleet to larger, more efficient aircraft. We believe these changes have positioned us for significant and profitable growth. We are well positioned for strength, as we operate in one of the largest and highest-growth aviation markets, according to Diio. According to the public filings, our CASK is significantly lower than that of U.S. legacy carriers and major European international FSCs. We believe that the combination of air travel market size and growth in Mexico has created one of the best air travel market environments in the world. We have a unique business model in Mexico that positions us for success. Key attributes of our business model include: • we are the only FSC based in Mexico offering premium services, which drives our significant revenue premium; • we offer premium service to a balanced mix of business and leisure customers; • we have a young, modern and upgraded fleet; • we transformed our business during the COVID-19 pandemic and rightsized our cost structure; • we have industry-leading strategic partners, including Delta; and • we have a highly valued loyalty program. Our headquarters are located Mexico City, Mexico.
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